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Financial Stability While Receiving Social Security
Over half of the beneficiaries of Social Security rely on the pay outs as their primary or sole source of income in retirement. This makes the system an important benefit for the majority of Americans; even those that do not…
Understanding the Relationships Between Social Security Benefits and Retirement Savings Plan Distributions
As you approach retirement, and as you focus attention on development of retirement savings plan distributions, it’s a good idea to keep yourself current on the taxation implications that can cause your Social Security benefits to be reduced…indirectly anyway. Matthew Frankel,…
The Importance of a Solid Income Plan for Retirement
Looking ahead to financial needs in your retirement years requires a major investment of time, but it also requires a firm plan for how you will shift from asset accumulation to asset use/distribution, and how you will approach the interim…
Most who begin taking Social Security early are doing it wrong.
The standard answer to the question of “When should I begin collecting Social Security benefits?” is “It depends” – on a lot of factors like your health, if you are married, and your financial situation. This article by William Baldwin,…
Retiring Off-Shore? Some Things to Know About Social Security and Medicare
People considering–or planning–to retire outside of the United States can take steps to have their Social Security checks follow them to their destinations. With Medicare, it’s not so simple. In an article posted on www.wsj.com, columnist Glenn Ruffenach provides an analysis of…
Capital Gains and Social Security Taxation
Gary Brooks, contributing writer for The News Tribune, takes a look at strategies for achieving tax efficiency in the handilng of capital gains distributions. Read his article here… Notice: The link provided above connects readers to the full content of the posted…
Managing your Social Security Benefits’ Taxation
It can come as a surprise to many Social Security claimants that their benefits are subject, in large part, to federal income tax. With appropriate planning, some of this impact can be mitigated, though, as explained by Motley Fool’s Sean Williams.…
Thoughts on Claiming Benefits at Age 70
Forbes contributor William Baldwin, financial journalist, IRS Enrolled Agent, and former Forbes editor, takes a look at the reasons why many claimants start drawing Social Security benefits before age 70, and offers comments on a calculator that can help you…
Get Set for 2017 Medicare Changes
Open Enrollment is hurtling toward us, so now’s a good time to start thinking about the decisions you’ll need to make soon to deal with what’s ahead in 2017. In an article by Times Free Press columnist Ellen Phillips, an…
Understanding Where Medicare Stands Today
With so much reported in the popular media these days about medicare and its financial situation, it’s important to understand some basic facts about the program and its financial horizon. An article by Matthew Frankel posted on host.madison.com takes a look at…